Noel Tata

Captains of the industry, including richest Indian Mukesh Ambani and Tata Trusts Chairman Noel Tata, attended the swearing-in of Devendra Fadnavis as Chief Minister of Maharashtra on Thursday. Ambani, the chairman of Reliance Industries, was accompanied by his son Anant and daughter-in-law Radhika at the public event held at Azad Maidan in the country's financial capital. Others present at the swearing-in, which was also attended by Prime Minister Narendra Modi, included Mukesh's younger brother Anil Ambani. The event, held at the ground which has served as a protest site since colonial times, saw thousands of people from the general public in attendance. Shiv Sena's Eknath Shinde and NCP's Ajit Pawar also took oath as Deputy Chief Ministers. Billionaire Kumarmangalam Birla, another city-based industrialist, also attended the event along with his daughter Ananya. The father-daughter duo was seated close to financial services industry veteran Deepak Parekh. Sun Pharma's Dilip Sha

Ratan Tata's 'no comments' was more 'thunderous' than any statement when asked if he shared the apprehensions of some Tata group veterans who felt that Cyrus Mistry was trying to break up the conglomerate, according to the author of biography of the late industrialist, Thomas Mathew. Tata had fully supported late Mistry as his successor in 2012, despite having second thoughts over the suitability of the latter at the end of the first year of 'parallel running' as Chairman designate and his replacement as Chairman of Tata Sons in 2016 was due to "an ethical and a moral issue", coupled with performance issue, Mathew told PTI Video in an interview. In the biography 'Ratan Tata A Life', some Tata group veterans have been quoted airing their apprehensions about Mistry trying to break up the salt-to-software conglomerate based on his style of functioning as the Chairman and the past record of the Shaprooji Pallonji (SP) Group's acquisition of shares in Tata Sons. "There are two schools of

Noel Tata's dual role on the Tata Sons and Tata Trusts boards consolidates family oversight within the Tata Group's sprawling operations

The decision comes after an internal audit and financial review by trustees, which revealed a notable increase in staffing expenses, reaching approximately Rs 180 crore, according to a report

In a move that could give Noel Tata more power over the group's decision-making, he is now likely to be appointed to the board of Tata Sons in a meeting due to be held in the coming days

A meeting of Tata Trusts on Thursday is learnt to have discussed a range of issues including Noel Tata being part of the Tata Sons board

Relations between Tata Sons and Shapoorji Pallonji Group have been strained since 2016, following the ousting of Cyrus Mistry

The Tata Trusts currently own a 66 per cent stake in Tata Sons, the holding company of the Tata group of companies

Noel is the half-brother of the late Ratan Tata, and was already a key trustee of the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust

Noel Tata's appointment brings clarity to the future leadership of one of India's largest charitable organisations

The move is being seen as part of the Trusts' succession plan

His value lifestyle brand Zudio signals a coming of age of retail in small town India

The resolutions to renew the directorship of Ajay Piramal and Venu Srinvasan were also cleared by the shareholders

Noel Tata is also the chairman of Tata International Limited, Voltas Limited, Tata Investment Corporation Limited and the vice-chairman of Titan Company.

Noel Tata, half-brother of Ratan Tata, joined Sir Dorabji Tata Trust last week, marking the entry of the next generation of Tata family in Tata Trusts

Reports said the move signals succession planning and continued association of the Tata family with the philanthropic body that controls the Tata group

India's cosmetics and beauty market is estimated to nearly double by 2025 from $11 billion in 2017, aided in good measure by online retailers.

Trent will continue to focus on building out differentiated brands and accelerating its reach through stores and digital platforms, said Noel Tata